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Get your taxes done using TurboTax
1. Can I take the standard deduction for the time I was in the US on the 1040 and itemized deduction on the 1040NR or do I have to take itemized deduction on both returns when filing dual status return? You will need to itemize your deductions for the year that you file as a dual status citizen.
2. I have a realized long term loss (in 1099-B) after I left the US. Should I include this in the 1040 NR? Any income when not a resident of the US would be included on your 1040NR. Any income earned/received while a US Resident regardless of source will be included on your 1040.
3. I have brokerage interest (in 1099-DIV) after I left the US. Should I include this in the 1040 NR and at what rate will it be taxed? Yes, you would include this on your 1040NR if it was earned/received after leaving the US.
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